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123 Santander but no job
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northwest1965
Posts: 2,065 Forumite


Can a 123 Santander account be opened if the applicant does not work?
Savings of £150k so can easily fund the £500 per month
Savings of £150k so can easily fund the £500 per month
Loved our trip to the West Coast USA. Death Valley is the place to go!
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Comments
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Don't see why not if you have good credit, the £500 monthly pay in is low compared to a lot of banks but having some income (work or benefit) is preferable.0
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Retired is usually a good occupation to put.0
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PeacefulWaters wrote: »Retired is usually a good occupation to put.
Or 'Homemaker' or 'Housewife/husband' if younger
With savings of £150k you should have a reasonable income from that, even if you are not employed and don't have a pension income (yet)."In the future, everyone will be rich for 15 minutes"0 -
With an average of below 2% AER, interest on £150k could hardly be called a reasonable income.
In my experience having zero income can be a problem, but having an income from savings (however modest) means there is something to put in the 'income' box if you don't have a salary, pension or benefits."In the future, everyone will be rich for 15 minutes"0
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